Which of the following is not true about classical economists?
A)They criticized mercantilism as an economic system.
B)They advocated laissez-faire policies to promote economic growth.
C)They believed the economy would naturally tend toward full employment.
D)They believed prices and wages react slowly to market changes.
E)They discouraged government intervention in markets.

Question

Quizplus · Accepted Answer

Classical economists believed in the flexibility of prices and wages and that they would adjust quickly to changes in supply and demand.

Which of the Following Is Not True About Classical Economists